PhillipCapital Launches Global Forex Service for Professional & Retail Investors in Australia

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PhillipCapital has launched its global Foreign Exchange (Forex) trading platform in Australia today, as it diversifies its traditional sources of revenue by expanding its product offerings. The Forex trading platform is the first of a number of new products to be released by PhillipCapital in 2013 as it moves to become a multiple channel-multiple product company in Australia.

This is a pivotal move away from the traditional stockbroking model as we capitalise on a platform Phillip Group has made successful on an international level

The Forex trading platform is the first of a number of new products to be released by PhillipCapital in 2013 as it moves to become a multiple channel-multiple product company in Australia.

PhillipCapital’s Forex product has been designed to meet the highest regulatory and industry standards, placing it on a level playing field with market leaders in the Forex sector.

The Forex trading platform will be supported by an experienced base of relationship managers in PhillipCapital’s offices. The platform harnesses cutting edge technology and offers competitive pip spreads, a stable and secure structure, advanced charting facilities, technical indicators and 24-hour support services.

The rollout of new products from PhillipCapital will blend the group’s technological capabilities with a high level of service and client support.

Established in 1975, PhillipCapital Group is an integrated financial house with a substantial global presence. It is one of the world pioneers in online trading employing more than 3,500 staff in 16 countries and has been involved in the Forex market for over 25 years.

The Chairman of PhillipCapital in Australia Mr Michael Wong said, “The Phillip Group has a proven foothold in the Forex market and we are eager to provide this opportunity to our Australian clients.”

“Along with sophisticated trading technology we provide each client with a relationship manager to act as a point of contact to provide personalised customer service. This puts our clients in a stronger position as they pursue the benefits of the Forex market.”

With traded market volume in a single day of up to US$3.8 trillion, Forex has become the largest financial market in the world. The leverage, liquidity and 24 hour 5 day per week trading hours make Forex a vehicle of choice for active traders.

Key features of the Forex product offering from PhillipCapital include:

Competitive pricing

Cutting edge technology

High quality service

Excellent support from an experienced base of relationship managers

PhillipCapital’s CEO in Australia Mr Jonathan Buckley said, “This is a pivotal move away from the traditional stockbroking model as we capitalise on a platform Phillip Group has made successful on an international level.”

“We are actively recruiting advisers for the PhillipCapital platform in Australia as we build on our objective to become a dominant high touch, high technology financial services provider in Australia."

PhillipCapital plans to more than double the size of its private wealth team in Australia across its offices in Sydney, Melbourne, Adelaide, Perth and Broadbeach. Following the successful rollout of Forex, it also plans to add CFDs to its product suite in late March 2013, further expanding the company’s existing global offering.

About PhillipCapital
PhillipCapital offers a complete range of high quality and innovative financial services to private, corporate and institutional customers.

Established in Singapore in 1975, PhillipCapital is one of Asia’s leading financial institutions with a global reach extending into Europe, North America and Australia. PhillipCapital employs over 3,500 staff, services more than 780,000 clients in 16 countries and operates in the major financial centres around the world. PhillipCapital has assets under management and custody worldwide totalling more than USD 20 billion with shareholders' funds in excess of USD 1 billion.